OIL: Brain Over Brawn

Technical men, not brawny wildcatters, are the
new glamor boys of the oil industry. This week sprawling Standard Oil
Co. (Indiana) underlined this fact when it upped Chemist-Engineer
Robert Erastus Wilson, 51, to its board chairmanship (vacant since
1929). Wilson knows better than anyone else in Standard how to crack
the last salable product out of a gallon of crude oil. To make sure
that Wilson will have enough crude to work on, Standard also upped
Geologist Alonzo William Peake, a director, to the presidency, to
succeed retiring President Edward Seubert. Eugene...